Stainless Tankers - Completion of the sale of Gwen and distribution of dividend
28 August 2025 - Reference is made to Stainless Tankers ASA's (the "Company")
stock exchange announcement on 4 July 2025 regarding the entering into an
agreement for the sale of the 2008-built J19 stainless steel chemical tanker,
Gwen, for a total gross amount of $16.16 million. As stated in the Company's
stock exchange announcement on 6 August 2025, the vessel was expected to be
delivered by the end of August 2025.
The Company is pleased to announce that the sale of Gwen has been successfully
completed by delivery of the vessel on 26 August 2025.
Following completion of the sale, the board of directors has today resolved to
distribute a cash dividend in the amount of USD 0.335 per share (approx. NOK
3.37 per share), in total USD 4,522,500, payable on or about 5 September 2025
and constituting a repayment of the Company's paid-in capital. The resolution
has been made by use of the authorisation granted by the Company's annual
general meeting on 22 May 2025.
For more information, please contact:
Andrew Hampson, CEO
E-mail: andrew.hampson@tufton.com
Irene Michael, CFO
E-mail: irene.michael@tufton.com
About Stainless Tankers ASA | www.stainlesstankers.com
Stainless Tankers ASA is a shipping company specialized in providing seaborne
transportation of chemical cargoes worldwide. The Company provides investors
with pure-play stainless steel chemical tanker exposure in an investor friendly
structure through its fleet of six stainless steel vessels, each with an
approximate total carrying capacity of 20,000dwt. The fleet is managed by Tufton
Management Limited, with a primary focus on maximizing earnings and distributing
excess operating cashflow to shareholders.